• Corpus ID: 53605332

1 “ Ripple ” Effects in South African House Prices

  title={1 “ Ripple ” Effects in South African House Prices},
  author={Mehmet Balcilar and Abe Damte Beyene and Rangan Gupta and Monaheng Seleteng},
This paper analyzes the so-called “ripple” effect of house prices in large-, mediumand smallsized houses of five major metropolitan areas of South Africa, namely, Cape Town, Durban Unicity, Greater Johannesburg, Port Elizabeth/Uitenhage and Pretoria, based on available quarterly data covering the period of 1966:Q1 to 2010:Q1. Following the extant literature, we contextualize the issue as a unit root problem, with one expecting the ratios of metropolitan house price to national house price to… 

Figures and Tables from this paper




The question this paper investigates is whether or not different metropolitan areas each constitute a separate housing market or whether or not there is a single South African housing market. Theory

Structural Breaks and the Convergence of Regional House Prices

This paper differs from past research by examining the issue of whether regime changes have broken down the stability of the ripple effect. The endogenous two-break LM unit test, derived in Lee and

Housing price diffusion pattern of Australia's state capital cities

The ripple effect of house prices within metropolitan areas has recently been recognised by researchers. However, it is very difficult to formulate and measure this effect using conventional house

Regional House Prices and the Ripple Effect: A New Interpretation

In Britain, house prices exhibit a distinct spatial pattern over time, rising first in a cyclical upswing in the south-east and, then, spreading out over the rest of the country. This is known as the

Prices on the second-hand market for Swedish family houses: correlation, causation and determinants

The structural differences and the dynamics in prices on the second-hand market for family houses in large (Stockholm, Gothenburg and Malmö), medium-sized, small and industrial cities and sparsely

How convergent are regional house prices in the United Kingdom? Some new evidence from panel data unit root testing

Using a variety of econometric methods, existing studies have failed to reach a consensus on whether or not UK regional house prices are engaged in longrun equilibrium relationships with each other.

Is There Long-run Convergence among Regional House Prices in the UK?

This paper investigates the long-run convergence of regional house prices in the UK. Existing studies have failed to reach a consensus on whether or not regional house prices exhibit long-run

Detecting long‐run relationships in regional house prices in the UK

Recent developments in the analysis of cointegration in the presence of asymmetric adjustment are extended and applied to data on regional house prices in the UK. This extension is found to have a

Is There a Bubble in the Housing Market?

This paper looks for evidence of a bubble in U.S. housing prices. It analyzes quarterly state-level data over 1985-2002, focusing on the relationship between home prices and selected fundamental